NPR News: 07-23-2026 11PM EDT
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What is the main topic discussed in this episode?
Live from NPR News, I'm Giles Snyder. The Trump administration is moving forward with a new set of tariffs.
What new tariffs did the Trump administration announce and which countries are affected?
They're to take effect in about an hour as temporary blanket tariffs expire. The new tariffs of 10 to 12.5 percent will be on goods from dozens of the U.S. 's major trading partners. NPR's Danielle Kurtzleben reports on the latest changes.
The new tariffs cover 59 countries and the European Union. According to the U.S. Trade Representative's Office, more than 99 percent of U.S. imports come from those economies. However, a broad swath of goods are exempted, including energy.
Why are the new tariffs being justified as responses to forced labor and unfair trade practices?
The tariffs were created under a law that allows tariffs against countries with unfair trade practices. The administration says the new tariffs are on economies that import goods made with forced labor. The tariffs go into effect at the same time that a global blanket tariff of 10 percent expires. The administration has imposed tariffs using several laws after the Supreme Court ruled a raft of Trump's tariffs unlawful in February. Danielle Kurtzleben, NPR News.
The new tariffs are drawing protests. Australia and Brazil are describing them as unjustified. In a statement, Massachusetts Democratic Governor Maura Healey sought to tie them to the affordability issue, saying they will result in higher costs. Mortgage rates, the highest they've been in almost a year. NPR's Stephen Passaha says a war with Iran is driving up the cost of borrowing.
The average rate for a 30-year mortgage hit 6.58% this week, the highest since August last year. Rates were falling earlier this year and even fell below 6% in February, the first time in three and a half years. But then the war with Iran started.
How are trading partners and U.S. leaders reacting to the tariff changes?
The uncertainty and inflation fears that came with the war shook the bond market, raised the cost of borrowing, and drove mortgage rates back up. Now the war is expanding and mortgage rates are rising again as pending home sales fall. Redfin reports pending sales this week are at their lowest level in three months. Stephen Basaha, NPR News.
How has the war with Iran influenced mortgage rates and the housing market?
Congress remains divided over President Trump's handling of the Iran war. NPR's Claudia Rosales reports that lawmakers were split on votes today pushing Trump to end the conflict.
The Senate voted against advancing a measure to force Trump to end hostilities against Iran shortly after the House voted to approve a similar resolution. Senate Democratic Leader Chuck Schumer says his party will keep forcing the votes.
It was perfectly appropriate and right and part of our obligation as the opposition party to force our Republican colleagues to vote again and again and again until they see the light.
However, most Republicans argued that the measures would weaken the U.S.
What did Congress vote on regarding U.S. military action in Iran and how did lawmakers split?
position with Iran. Four House Republicans joined Democrats to approve a war powers resolution, while fewer decided to cross the aisle for a similar measure in the Senate. Claudia DeSales, NPR News, the Capitol.
And you're listening to NPR News. That big storm that's brought heavy surf and some flooding to southern Louisiana and Texas is weakening. The National Hurricane Center in Miami says in its final advisory on Bertha that it has degenerated into a trough, but that its remnants are still capable of dropping up to four inches of rain in isolated spots over south Texas. Bertha came ashore for a second time Thursday near Galveston, Texas. Eli Lilly's new experimental obesity drug is getting closer to the finish line. NPR's Sydney Lubkin reports.
Eli Lilly is studying retitrutide, which is part of the next generation of obesity drugs currently being studied.
What other national stories were covered: the storm in Texas, Eli Lilly’s obesity drug results, and market reactions to Middle East fighting?
While Wagovi and Zepbound target the GLP-1 hormone, this new drug works on three hormones, GLP-1, GIP, and glucagon. New trial results show patients with severe obesity and cardiovascular disease taking the highest dose of retratrutide lost up to an average of 56 pounds over 80 weeks, and patients with obesity and type 2 diabetes lost up to an average of 50 over the same time. Eli Lilly says it plans to submit the findings to a peer-reviewed medical journal.
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Chapters
7 chapters
1
What is the main topic discussed in this episode?
0:00–0:08
2
What new tariffs did the Trump administration announce and which countries are affected?
0:08–0:35
3
Why are the new tariffs being justified as responses to forced labor and unfair trade practices?
0:35–1:42
4
How are trading partners and U.S. leaders reacting to the tariff changes?
1:42–2:02
5
How has the war with Iran influenced mortgage rates and the housing market?
2:02–2:43
6
What did Congress vote on regarding U.S. military action in Iran and how did lawmakers split?
2:43–3:39
7
What other national stories were covered: the storm in Texas, Eli Lilly’s obesity drug results, and market reactions to Middle East fighting?
3:39–4:59